Updated 5+ Days Ago
Highlights
Pet Friendly
- Dishwasher
- Professionally managed
- Refrigerator
- Spacious living room
- Gas stove
- Updated kitchen
Location
316 W Mill St #5, Waterloo, IL 62298, USA
Tour 316 W Mill St #5
Contact
SGM REALTY, LLC
Nearby rentals
Property management
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Property Overview
Updated kitchen, gas stove, refrigerator, and dishwasher offer convenient everyday living, while the spacious living room adds comfort and flexibility. Professionally managed, this home also provides a well-kept rental experience in Waterloo.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Less expensive
- Middle school nearby
Great for
Pet owners
Amenities for 316 W Mill St #5
Apartment Amenities
| Forced Air | Off Street |
Appliances
| Dishwasher | Range/Oven |
| Refrigerator |
Building
| Cats OK | Dogs OK |
| Laundry Shared | Onsite Laundry |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Cat Policy
Allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
About 316 W Mill St #5
Recently updated 2-bedroom, 1-bath upper-level apartment featuring a spacious living room and updated kitchen with gas stove, dishwasher, microwave and refrigerator included. Durable laminate flooring throughout. Shared coin-operated laundry available in the common area basement. Pets are negotiable and subject to screening, approval, and applicable pet requirements. Renter’s insurance required. No smoking, vaping, or similar activities permitted inside the property. Most leases are 12 months or longer, though shorter terms may be considered at a higher rental rate. Tenants are responsible for all utilities, including a required $65/month sewer fee. A $60 non-refundable screening fee applies to each adult applicant. Information deemed reliable but not guaranteed and should be independently verified by prospective tenants and their representatives. This property is professionally managed and is never advertised on Facebook Marketplace; any such listing is likely fraudulent and should be reported immediately.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 316 West Mill Street, Waterloo, IL 62298, US compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.3 miles away
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Middle school nearby
- There is a middle school 0.5 miles away
- Images available
- There are at least 10 photos of this address
Address details
| Zip code | 62298 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Waterloo
2-bedroom apartments at 316 W Mill St #5 cost about 10% less than the average rent price for 2-bedroom apartments in Waterloo.
Median rents as of Oct 31 2026.
Waterloo
| Month | Median Rent |
|---|---|
| October 2026 | $1,350 |
Affordability calculator
Can I afford to live at 316 W Mill St #5?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$48,600/yr
With your selected rent-to-income ratio, you'd ideally want to make $48,600 annually to afford this 2-bedrooms monthly rent price of $1,215.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 3 months ago | $1,100 | 2 bed | 1 bath | ||
| 5 years ago | $525 | 1 bed | 1 bath | ||
| 5 years ago | $795 | 2 bed | 1 bath | ||
| 5 years ago | $525 | Studio | 1 bath | ||
| 2 Beds, 1 Bath | 5 years ago | $725 | 2 bed | 1 bath | |
| 6 years ago | $450 | Studio | 1 bath | ||
| 6 years ago | $700 | 2 bed | 1 bath |
Schools near 316 W Mill St #5
Gardner Elementary School
1 ed gardner pl
waterloo, IL, 62298
4-5Public
B+
W.J. Zahnow Elementary School
301 hamacher st
waterloo, IL, 62298
PK, K-1Public
B
Rogers Elementary School
200 rogers st
waterloo, IL, 62298
2-3Public
A-
Smithton Elementary School
po box 395
smithton, IL, 62285
PK, K-8Public
A-
Mosaic Elementary
3701 will ave
st. louis, MO, 63125
K-5Public
A-
Neighborhood
Getting around Waterloo near 316 W Mill St #5
Walking
5/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
3/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 316 W Mill St #5, Waterloo
Groceries
5/10
Variety of groceries within a short drive
Shopping
4/10
Variety of shops within a short drive
Cafes
2/10
Few or no cafés within a short drive
Restaurants
6/10
Wide variety of restaurants within a short drive, including some within walking distance
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
Other units at this address
316 West Mill Street, Waterloo, IL
316 West Mill Street Waterloo, IL
Occupied
6
Studio
1 Bath
$450
Occupied
6
1 Bed
1 Bath
$525
Air Conditioning • In-Unit Laundry
Occupied
1
1 Bed
1 Bath
$525
Air Conditioning • In-Unit Laundry
Occupied
3WATERLOO
1 Bed
1 Bath
$725
Hardwood Floor • Dishwasher • In-Unit Laundry
Occupied
4
2 Beds
1 Bath
$700
Occupied
Apt 2
2 Beds
1 Bath
$795
Dishwasher • In-Unit Laundry • Ceiling Fan
Occupied
3
2 Beds
1 Bath
$1,100
Dishwasher • On-Site Laundry
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